Jul 20, 2016 10:00:00 AM

How an ESOP Improves Employee Retention and the Bottom Line

Regardless of the economic climate, most people consider ways to improve their retirement savings, whether through individual investments or a retirement plan provided by their employer. In a climate challenged by talent shortages and economic uncertainties such as we’ve seen over the past few years, many employers also look for ways to attract, retain, and motivate quality people. One of the tactics that has proven successful for employees and employers both is enabling employees to share ownership in their company. Giving employees a greater sense of belonging encourages retention and elevates their desire to help the company meet its goals. 

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Topics: ESOP, Tax Planning

Dec 9, 2015 1:00:00 PM

3 Steps to Responsible Year-End Tax Planning

Legislators have introduced few new tax developments specific to the banking industry in the past year. Banks end 2015 contending with a handful of ongoing legislative issues that impact critical decisions. Of those, the timing and extension of the tax extenders package is perhaps the most pressing. A failure or delay by Congress to pass this legislation means uncertainty for community banks as well as for the businesses and families they serve.

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Topics: Tax Planning